Outstanding Liability definition

Outstanding Liability means (i) the Past Use Liability Deferrable, if any, plus (ii) the cumulative unpaid portion of the Running Royalty Deferrable, calculated at the end of each reporting period as OL = RRD – OLD.

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Outstanding Liability has the meaning as set forth and defined in the description of LIFT per Exhibit C.

Outstanding Liability means, at any time, the sum of:

Examples of Outstanding Liability in a sentence

For the purpose of the discharge of all or any part of such Outstanding Liability Amount in respect of any Bond where the Payment Currency of such Bond is not the same as the Relevant Currency of the Deposit relating to such Bond, Clause 8 (Currency Conversion) of the Counter Indemnity shall apply.
Upon termination or expiration of the Agreement, where the Agreement is not renewed or extended, and unless Section 3.2 applies, the entire remaining Outstanding Liability shall be paid by Licensee within fifteen (15) days from issuing date of the respective invoice from Licensor.
Licensee shall pay the Outstanding Liability Payable within fifteen (15) days from issuing date of the respective invoice from Licensor.
Upon expiration of the latest Licensed Patent to expire, Licensee shall pay the Final Outstanding Liability Payable within fifteen (15) days from issuing date of the respective invoice from Licensor.
The portion of the Running Royalty Deferrable exceeding the Outstanding Liability Due shall be registered into the Outstanding Liability and deferred to the next reporting period.
In the event of an uncured material breach of Licensee, giving Sisvel the right to a termination as permitted under Section 6.4 of the Agreement, the full payment of the Outstanding Liability shall become payable by Licensee within fifteen (15) days from issuing date of the respective invoice from Licensor.
Upon receipt (a) of the full statement from Licensee as indicated in Section 4.1 of the Agreement, and (b) of the Market Data from Market Data Supplier, Licensor shall calculate the Outstanding Liability Due, in accordance with Section 1.11, and the Outstanding Liability Payable, in accordance with Section 1.12.
VDL shall use the proceeds of the Advance first to discharge all Elan Outstanding Liability and thereby effect a release and discharge of the Existing Floating Charge and, thereafter, the balance for general corporate purposes.
If all or any part of the Outstanding Liability Amount in respect of a Bond issued by the Issuing Bank has become due and payable, the Issuing Bank shall be entitled (but shall, to the extent reasonably practicable, give prior notice of the same to the Company) to set-off or transfer all or part of the Account Balance of the Relevant Account in or towards satisfaction of such amount which has become due and payable.
Upon the Financier making the declaration, the Outstanding Liability Amounts will become immediately due and payable.

More Definitions of Outstanding Liability

Outstanding Liability each Letter of Credit Liability under which the Bank remains wholly or partially liable (whether contingently or otherwise) on the date on which the Bank serves notice on the Borrower pursuant to Clause 5.02 of the Master Agreement; and

Outstanding Liability means the amount of Card Balance which represents the total debits remaining unsettled and payable to the Bank by the Customer.

Outstanding Liability each Liability under which the Bank remains wholly or partially liable (whether contingently or otherwise) on the date on which the Bank serves notice on the Borrower pursuant to Clause 5.02 of the Master Agreement;